What You Need to Know About Intern Compensation

Compensating an intern
may be hard for your cash-strapped organization, but in many ways, it’s more than worth it. Statistics show it’s better for their careers in the long run—and recent lawsuits show it’s better for your company, too. Plus, you can be sure your paid interns will be excited and ready to work when they know that a
paycheck
is coming.

Still need convincing? Below is everything you need to know about intern compensation (and a few non-monetary perks you can offer to sweeten the deal, too).

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Lily Herman is a New York-based writer and editor. In recent months, her work has been featured in Teen Vogue, Glamour, Refinery29, Cosmopolitan, TIME, Newsweek, Fast Company, and Mashable. You can check out her website, LinkedIn, and Twitter.